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Oct 9, 2012
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we're trading the pullback with joel terranova, josh brown, mike murphy and gema godfrey and he hedge fund manager doug cass. the stock that could do nothing wrong suddenly can't get a pop. >> yes, i think there is three reasons. one, market, two, technical, third, the issue of first mover advantage. i think firstly when everyone has gotten finally comfortable with this huge disconnect between weakening corporate profits and improving stock prices and continue ad nauseam in pardon because of this ridiculous notion of performance chasing, and this global monetary easing put which would trump the challenge to earnings it became time to be concerned when stocks started to fade if you look at last week's rally it was poor and virtually non-existent. apple sat up there at 700, up 70% for the year and vulnerable to profit taking and became an institutional source of funds, and i think in broad terms innovation has a history of impacting every tech market and ultimately results in product home general anyway at this and degradation of profitability, and i think the concern regarding apple ha
we're trading the pullback with joel terranova, josh brown, mike murphy and gema godfrey and he hedge fund manager doug cass. the stock that could do nothing wrong suddenly can't get a pop. >> yes, i think there is three reasons. one, market, two, technical, third, the issue of first mover advantage. i think firstly when everyone has gotten finally comfortable with this huge disconnect between weakening corporate profits and improving stock prices and continue ad nauseam in pardon because...
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Oct 11, 2012
10/12
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josh brown, can the rally resume? >> i'm not sure. this is not a great snapback. today we're looking at it already starting to fade. apple is really the focus for most traders. obviously a market leader is not acting well today after a pretty tumultuous week. the other thing i'd point out from a technical standpoint, 1430 becomes very important. horizontal support from the march and april highs at that level. plus it's the 50-day moving average. we're right there. i think a lot of people are just hanging loose and they'll wait and see. >> steve weiss, what started out as a pretty robust day is quickly leaking away here. >> yeah. what started out as somewhat of a positive outlook based upon spain getting closer to asking for a bailout with the downgrade yesterday. then you had claims that drove the market. to me we're going to see next week when we get in the heart of earnings season if, in fact, that earnings season has discounted, the market's discounted that earnings season. yesterday that wasn't the case with cummins. i'm not so sure anymore based upon last wee
josh brown, can the rally resume? >> i'm not sure. this is not a great snapback. today we're looking at it already starting to fade. apple is really the focus for most traders. obviously a market leader is not acting well today after a pretty tumultuous week. the other thing i'd point out from a technical standpoint, 1430 becomes very important. horizontal support from the march and april highs at that level. plus it's the 50-day moving average. we're right there. i think a lot of people...
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Oct 15, 2012
10/12
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let's bring in mark chandler of brown brothers. mark, welcome back to "halftime." >> thanks, scott. >> do we have any indication whatsoever? can you give us your best guess as to when spain's going to raise its hand? >> i think it is not going to be this weekend at the summit. my best guess is spain's not going to request back-up assistance, not the full package like portugal, ireland and greece got but a smaller package, sort of conditional package, not probably until november. >> some of the best currency observers that we've spoken with lately, mark, certainly don't want any part of the euro/dollar trade. just been too difficult to figure out. the euro continues to hold some strength. it is at 129. it is basically in a very tight range, 1.29ish, 1.30ish. you're ready to make a move. why? >> the market has rallied more than a dime since the late july lows. the market is pricing in the spain package, they're moving away from the abyss. i think this is all priced into the market now and the next big news probably will be some disap
let's bring in mark chandler of brown brothers. mark, welcome back to "halftime." >> thanks, scott. >> do we have any indication whatsoever? can you give us your best guess as to when spain's going to raise its hand? >> i think it is not going to be this weekend at the summit. my best guess is spain's not going to request back-up assistance, not the full package like portugal, ireland and greece got but a smaller package, sort of conditional package, not probably...
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Oct 12, 2012
10/12
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josh brown would you be a buyer on this 70% pop? >> if you want to be in it and i probably do at some point you have to buy some today, just in case, but i would not take a full position here, because it's a huge premium. i will say -- >> why do you have to buy some today at all? i don't understand the logic? >> if you really want to be in this stock you can't take the chance that they're going to let you back in where it became public. it's a fabulous business. this is not a fly-by-night social media stock that started six months ago and got a stupid valuation. this is a company that's raising $600 million, they've been in business since '06 and it's a great sector, software is its service, has high margins, a lot of growth potential. >> cloud play. there is a bit of a cloud play. >> total cloud play. all of the companies that don't want in-house payroll or buy a big software package they can contract for work day over the web. it's a great business and if you want to be in it ultimately you probably have to put a small part of you
josh brown would you be a buyer on this 70% pop? >> if you want to be in it and i probably do at some point you have to buy some today, just in case, but i would not take a full position here, because it's a huge premium. i will say -- >> why do you have to buy some today at all? i don't understand the logic? >> if you really want to be in this stock you can't take the chance that they're going to let you back in where it became public. it's a fabulous business. this is not a...
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Oct 17, 2012
10/12
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. >> josh brown, what do you think of technology today? >> the tech sector is awful. people think it's this huge leadership group. it's apple and a small handful of names. the sector is terrible. look at the big bellwether stocks. none of them have enough to say, and some are down right atrocious like hewlett-packard. going into the earnings season, they were leading the league in negative preannouncements of the whole s&p. i really don't love the group. one area i will mention apropos to this discussion is qualcomm because qualcomm is winning everything that intel is losing. when you talk about tablets versus pcs, they can't both win. it's one taking share from the other. and qualcomm snap dragon chip set really dominates here. it's like the new intel almost. and i like it much better than bottom fishing in intc. dividend decide. >> grasso, as you watch the tape today, what catches your eye? the nasdaq is higher despite the fact those big name technology stocks being weaker, you have strength in the biotech names, green mountain, and certainly netflix is up today as
. >> josh brown, what do you think of technology today? >> the tech sector is awful. people think it's this huge leadership group. it's apple and a small handful of names. the sector is terrible. look at the big bellwether stocks. none of them have enough to say, and some are down right atrocious like hewlett-packard. going into the earnings season, they were leading the league in negative preannouncements of the whole s&p. i really don't love the group. one area i will mention...
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Oct 2, 2012
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josh brown, give me the read on that. einhorn says short it. what do you say? >> i was at the conference, and there was a gasp. there were rumors that this would possibly be an einhorn target. it came to fruition. the south side doesn't understand chipotle's customer. they think they go to starbucks and panera and einhorn said that taco bell is the big threat. they launched a catina bell, so that was interesting to me. i thought the gm long idea was interesting. he thinks they can earn as much as $6 post taxes in earning per share by 2014, which would make this stock very cheap if he's right. >> moral of the story, einhorn speaks and stock moves. let's move on. what is the u.s. government doing to restore confidence? they're hosting a roundtable to discuss technology and training. we are joined live from washington, d.c. with more on that. aman. >> it's a day-long roundtable ongoing right now. they're hearing from a variety of industry experts from exchanges and from players who are buying and selling stocks. the message that they get from some of these compute
josh brown, give me the read on that. einhorn says short it. what do you say? >> i was at the conference, and there was a gasp. there were rumors that this would possibly be an einhorn target. it came to fruition. the south side doesn't understand chipotle's customer. they think they go to starbucks and panera and einhorn said that taco bell is the big threat. they launched a catina bell, so that was interesting to me. i thought the gm long idea was interesting. he thinks they can earn as...
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Oct 23, 2012
10/12
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josh brown, are you a buyer here of apple? >> we have a lone position. i'll tell you that more torre important to apple is the nasdaq. nasdaq may be 10 or 12 points from the 200-day moving average. it hasn't been this close since june 5th or june 9th. what transpires today is a lot bigger than just apple. obviously, this stock is very important for many other tech stocks. for that reason alone, i think it deserves the emphasis we're giving it. >> guy, would you trade it? >> yeah, trade it. thank you, simon, for using thatrd would. trade it, absolutely. yesterday is an interesting reversal day. yesterday's low, 610 is sort of your pivot, your bogey, and you trade it against that. for all you investors out there that keep saying -- and you hear it over and over again. i've been waiting for the dip in apple. you finally get it. when it looks so scary that you don't -- this has been what you're waiting for. i don't want to hear that you never have an opportunity because here's an opportunity. for traders out there, use 610 as your pivot point. >> okay. let's
josh brown, are you a buyer here of apple? >> we have a lone position. i'll tell you that more torre important to apple is the nasdaq. nasdaq may be 10 or 12 points from the 200-day moving average. it hasn't been this close since june 5th or june 9th. what transpires today is a lot bigger than just apple. obviously, this stock is very important for many other tech stocks. for that reason alone, i think it deserves the emphasis we're giving it. >> guy, would you trade it? >>...
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Oct 4, 2012
10/12
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. >> josh brown? >> i don't know that i'll ever see a chart prettier than xlv. it is the one sector that's completely impervious to greece, to china, to fiscal cliff. all of these things are not going to matter. the bigger picture is that people spending more and more on health care as they age and look at the way the stocks act. i'm give you one in particular in addition to the it. merck. it's paying a huge dividend. this is the success tore that you want to look for buys in in my opinion. not laggards or industrials or nonsensitive stocks. >> you heard adami. let's bring in ed yar denis, president of yar denis research. welcome back to halftime. good to have you on the show. >> they think we're going higher. what do you think? >> the bulls market really has been a series of relief rallies followed by fall-offs with considers that we're about to have an apocalypse. . you get the drift. when we worry that things are going to fall apart and suddenly maybe they're not going to fall apart imnemtly, the markets go up. we had the fiscal cliff which may very well be p
. >> josh brown? >> i don't know that i'll ever see a chart prettier than xlv. it is the one sector that's completely impervious to greece, to china, to fiscal cliff. all of these things are not going to matter. the bigger picture is that people spending more and more on health care as they age and look at the way the stocks act. i'm give you one in particular in addition to the it. merck. it's paying a huge dividend. this is the success tore that you want to look for buys in in my...